3 Reasons Why Growth Investors Shouldn't Overlook Insteel Industries (IIIN)

Core Viewpoint - The article highlights Insteel Industries (IIIN) as a strong growth stock, supported by its favorable Growth Score and Zacks Rank, indicating solid investment potential [2][10]. Earnings Growth - Insteel Industries has a historical EPS growth rate of 6.3%, but projected EPS growth for this year is expected to be 39.4%, significantly higher than the industry average of 11.2% [4]. Asset Utilization Ratio - The company has an asset utilization ratio (sales-to-total-assets ratio) of 1.31, indicating it generates $1.31 in sales for every dollar in assets, outperforming the industry average of 1.02 [6]. Sales Growth - Insteel Industries is projected to achieve a sales growth of 18.4% this year, compared to the industry average of 9.4%, showcasing its strong sales performance [6]. Earnings Estimate Revisions - There have been upward revisions in current-year earnings estimates for Insteel Industries, with the Zacks Consensus Estimate increasing by 3.8% over the past month, indicating positive market sentiment [8]. Overall Positioning - The combination of strong earnings growth, efficient asset utilization, promising sales growth, and favorable earnings estimate revisions positions Insteel Industries as a compelling option for growth investors [10].